Assistant Manager-Compliance Testing

Designation/ Role Designation : AM Compliance Testing

Grade: Level 1 - Assistant Manager

Reporting to: Manager - Compliance

Location: HO, Mumbai

Function: Risk

Job Purpose:This role requires a dynamic candidate who can contribute to Regulatory Compliance at an NBFC/HFC.

Role- Testing Framework

• Assist in preparing annual compliance testing plan for senior management
• Prepare monthly & quarterly plans/scope and update senior compliance leadership on progress
• Provide detailed report to Compliance senior management on a regular basis of the review conducted in a month and critical gaps identified during the review along with status

- Regulatory Compliance

• Prepare the testing checklists required for the review for each regulated business
• Review loan book, regulatory returns and other information submitted to RBI / NHB
• Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments

- Business, Policies & Processes

• Develop a comprehensive understanding of Company’s business, systems, Policies and processes.
• Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets.
• Formulate queries, lead process walkthroughs with key business stakeholders and document the outcome with thorough identification of risks and controls.
• Drives and understand root cause of the observations and ensure
  implantation of corrective actions.
• Co-ordinate/Collaborate with various verticals such as Compliance, Credit, CX, Ops, Product and tech teams for ensuring overall compliance framework

- Systems/Journeys

• Assess the loan journeys, internal tech journeys and developments to ensure adherence to regulatory guidelines and internal policies/processes

- Identification, Reporting and Mitigation of Compliance Risks

• Assist in Annual Compliance Risk assessment and mitigation actions
• Assist the Compliance leadership in providing updates to senior management on the critical compliance issues for immediate attention and escalations

- Regulatory Inspections/Audits

• Provide constant support during regulatory inspections
• To act as a bridge between Internal Audit/Regulators and Business to follow up on IA recommended action closures by business units

Qualification: Essential CA or MBA Finance or MCOM
Preferred : CA with CS / LLB

ExperienceEssential: Professional with past work experience of at least 3-5 years in Internal Audit/ Compliance / Regulatory Reporting / Compliance Testing of NBFC/HFC
Bank candidates are not on horizon
Preferred: Prior experience of regulatory inspections with analytical mind and ability to assess & solve the complexities of procedures and regulations.